Recordkeeping Archives - 401k Plan Optimization, Compliance, Investment & Partners

Supreme Court Decision Lowers the Bar for ERISA Lawsuits Against Plan Sponsors

By Fred Barstein / 401(k) Plan Management, Benchmarking & Monitoring Fees & Partners, Benchmarking Fees, Communication, DOL, DOL Guidance, erisa, ERISA Advisory Council, fee compression, fee lawsuits, fee transparency, Fiduciary, Fiduciary, investment, Managed Accounts, provider due diligence, Record Keepers, Recordkeeping, Retirement Plan Advisor Due Diligence, Retirement Plan Fees

A recent Supreme Court decision has changed the legal landscape for plan sponsors, making it easier for plaintiffs to file lawsuits over how plans do...

Plan Sponsors Want More From Retirement Advisors, and Here’s Why

By Fred Barstein / 401(k) advisor trust, 401(k) Plan Management, 401k Advisor, 401k plan, Client connection, collaboration, Confidence, DC Plan Sponsors, DC plans, Employee engagement, Fiduciary, Financial Advice, Financial Advisors, financial stress management, Financial Wellness, Future Self, Recordkeeping, recordkeeping, Retirement Advisor Specialist, Retirement Committee, Retirement Income, Retirement planning, Retirement Readiness, Target Date Fund

Plan sponsors want better retirement savings outcomes for their employees and are looking to advisors for solutions. The disconnect between what participants need to save...

Inside Broadridge’s iJoin Acquisition & the Push Toward Convergence

By Fred Barstein / Change, Convergence, Financial Advisors, Fintech Record Keepers, Managed Accounts, Record Keepers, Recordkeeping, Retirement Income

Broadridge’s acquisition of iJoin underscores the accelerating convergence of wealth management and retirement services in the workplace. iJoin, once a digital onsite enrollment tool, has...

Cerulli: Closing the Retirement Guidance Gap Is Key to Better Outcomes

By Fred Barstein / 401k plan, benefit education, benefits committee, Client connection, Confidence, DC Plan Sponsors, Employee engagement, Fiduciary, Financial Wellness, Improving Outcomes, Recordkeeping, Regs and Regulators

Employees are hungry for retirement guidance, but many don’t know where to turn for help. This disconnect between need and access has created a significant...

The Recordkeeping Industry Faces an Existential Moment

By Fred Barstein / 401k News, Adaptability, Communication, Convergence, Convergence & Advisor M&A, DC Plan Sponsors, Financial Advisors, Financial Wellness, innovation, investment, Recordkeeping, Retirement Plan Advisor

The 401(k) recordkeeping industry stands at a pivotal moment. With $12.5 trillion in assets and 121 million accounts, recordkeepers are navigating intense pressure driven by:...

401(k) Plans Offer a Strategic Advantage in Economic Downturns

By Fred Barstein / 401k News, 401k plan, 401k rollovers, auto enroll, auto escalate, Auto Portability, Communication, DC plans, diversity, diversity, Economy, Employee engagement, employer match, Financial Security, Financial Wellness, Independence planning, investment, Investment Managers, Recordkeeping

Recessions don’t announce themselves with a save-the-date card. When they arrive, plan sponsors and ERISA fiduciaries face mounting pressure to safeguard participants’ retirement savings. The...

Overcoming Challenges in 401(k) Record Keeping: John Hancock’s New Approach

By Fred Barstein / AI, AI for Retirement, artificial intelligence, automation, Changing dynamics, Digital Design, Digital Tools, Financial Advisors, Fintech Record Keepers, Overcoming Challenges, Record Keepers, Recordkeeping

There are significant challenges for 401(k) and 403(b) record keepers still relying on outdated technology, much of it built in the 1990s using mainframe coding...

Why Retirement Plan Advisor Due Diligence is so Critical Now

By Fred Barstein / 401k News, Adaptability, Benchmarking & Monitoring Fees & Partners, Benchmarking Fees, benefit education, Changing dynamics, Communication, DC Plan Sponsors, DC plans, fee transparency, Fiduciary, Financial Advisors, Financial Wellness, Recordkeeping, Retirement Happiness, Retirement Plan Advisor Due Diligence

Anatomy of a Recent RFP When the benefits administrator at an $80 million plan contacted TPSU (The Plan Sponsor University) recently about conducting due diligence...

RPA Aggregator Roundtable: Navigating a Radical Shift in Retirement

By Fred Barstein / 401k News, 6th Annual RPA Broker/Dealer Roundtable, Adaptability, AI, artificial intelligence, automation, Benchmarking & Fees (ERISA, retirement plan), Changing dynamics, Communication, Digital Tools, education, evolving and adapting, Fiduciary, Financial Advisors, financial literacy, financial wellness, Governance, Investments, Recordkeeping, Regs and Regulators, Retirement Income, RPA Aggregator Roundtable

At the seventh annual RPA Aggregator Roundtable, industry leaders tackled a transformative shift in the retirement space driven by three major trends: Scaling Advice: With...

Annual Benchmarking Is a Must for Plan Sponsors

By Fred Barstein / 401k News, auto enroll, auto escalate, Auto Portability, Benchmarking & Fees (ERISA, retirement plan), Benchmarking & Monitoring Fees & Partners, Benchmarking Fees, Benchmarking Funds, Benefits integration, Communication, Compensation, Compliance, Consolidation, Convergence, cybersecurity, DC Plan Sponsors, Documents & testing, Due Diligence, Fiduciary, Fiduciary, Financial Advisors, Financial Wellness, investment, Recordkeeping, Regs and Regulators, Retirement Committee, Retirement Plan Fees

Evolving regulations mean plan sponsors continue to face increasing scrutiny when it comes to their fiduciary responsibilities. A recent analysis of 50,000 retirement plans in...